Hexindai (HX) Posts Quarterly Earnings Results

Hexindai (NASDAQ:HX) posted its earnings results on Tuesday. The company reported $0.52 earnings per share (EPS) for the quarter, Morningstar.com reports.

Hexindai (HX) traded up $0.04 during midday trading on Tuesday, hitting $10.34. 45,100 shares of the stock traded hands, compared to its average volume of 84,877. Hexindai has a 12-month low of $10.20 and a 12-month high of $17.00.

An institutional investor recently bought a new position in Hexindai stock. Pinnacle Associates Ltd. purchased a new stake in shares of Hexindai Inc – (NASDAQ:HX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,625 shares of the company’s stock, valued at approximately $195,000.

Separately, Sidoti initiated coverage on shares of Hexindai in a research note on Thursday, December 14th. They issued a $18.00 target price for the company.

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Hexindai Company Profile

Hexindai Inc is a consumer lending company. The Company is focused on offering borrowers a range of products designed-based on customer segmentation data and tailored to the specific needs of the emerging middle class in China. The Company also offers five tailored loan products such as Provident Fund Loans, Property-Owner Loans, Car-Owner Loans, Insurance-Holder Loans, and Premier Customer Loans.

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